Cost of Living in Naples, FL

With a cost of living index of 200, Naples, FL is one of the most expensive cities in the United States. Living here is 100% more expensive than the national average and 90% above the Florida state average of 110. Naples is a smaller community of 19,421 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Naples's cost of living. The median monthly rent is $1,968 (49% above the US median of $1,319), and the median home value sits at $1,254,200 (311% above the national median of $304,900). At current prices, the median home costs roughly 8.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Naples is $140,833, which is 87% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Naples. The area sees an average annual temperature of 75.5°F, with summers averaging 83°F and winters around 67°F. Annual rainfall totals 49.6 inches spread over roughly 107 days.

Everyday prices in the Naples-Marco Island, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.